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and the economy would not either for that matter. but on the other hand, earnings growth has been strong since the bottom of 2009. the stock markets are up, earnings are up more than 150%. so i think that earnings are the main reason that the stock market is up. but that has been a help. and i think that they are anxious, as you have pointed out, virtually all of the governors to get those tapering process started so we can move on. but i think that they will only do it if we have respectable news on the fundamental side. so i think that i can kind of when both sides, if you will. gerri: for americans, the real concerns about the economy and jobs and we know that the labor participation rate has been under 64% for 23 months, a lot of people still looking and not finding the jobs that they really want. we can't couple of good data points. and when you look at growth, we had one good gdp report. that is not a trend, that's just one good report. a lot of the americans are questioning how strong this economy is and isn't going to put foo
and the economy would not either for that matter. but on the other hand, earnings growth has been strong since the bottom of 2009. the stock markets are up, earnings are up more than 150%. so i think that earnings are the main reason that the stock market is up. but that has been a help. and i think that they are anxious, as you have pointed out, virtually all of the governors to get those tapering process started so we can move on. but i think that they will only do it if we have respectable...
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. >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. congress number negotiators reached an agreement this evening on a budget deal. aides said it is a two year agreement that includes operations to replace automatic spending cuts with savings from future years. it also requires federal workers to contribute more to their pension. among other things. the agreement was worked out by budget committee chairs, democratic senator patty murray and republican congressman paul ryan. heads of state, celebrities and thousands of south africans gathered in johannesburg today to honor the life of nelson mandela. the crowd braved a rainstorm, singing songs and celebrating the life of south africa's first black president. president obama was one of many foreign leaders who made the trip. >
. >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. congress number negotiators reached an agreement this evening on a budget deal. aides said it is a two year...
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i actually, by the way, i like the fact that there's going to be less fiscal head winds on the economy in 2014 and 2015. many democrats would have liked to see extended unemployment insurance in there. that wasn't in the bill. >> let me bring back in richard wolffe. richard, how do they get the votes on this? and are they trying to prove after such a non-productive congress, one of the northeast non-productive congresses in history, that they can make something work? because i noticed senator murray particularly made the point that they made the compromise government could work. >> if government can work means they can avoid a shutdown and pass a basic budget, i guess we should be celebrating them doing the basic part of their job. you know, great. we're going to avoid the crises, the self-imposed crises we've had the last couple years. that is, i suppose, good news. paul ryan goes on his long journey of remaking himself compared to where he was with his first budget proposals. for democrats there have got to be serious concerns here about the failure to extend unemployment insurance.
i actually, by the way, i like the fact that there's going to be less fiscal head winds on the economy in 2014 and 2015. many democrats would have liked to see extended unemployment insurance in there. that wasn't in the bill. >> let me bring back in richard wolffe. richard, how do they get the votes on this? and are they trying to prove after such a non-productive congress, one of the northeast non-productive congresses in history, that they can make something work? because i noticed...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ male announcer ] if we could see energy... what would we see? ♪ the billions of gallons of fuel that get us to work. ♪ we'd see all the electricity flowing through the devices that connect us and teach us. ♪ we'd see that almost 100% of medical plastics are made from oil and natural gas. ♪ and an industry that supports almost 10 million american jobs. life takes energy. and no one applies more technology to produce american energy and refine it more efficiently than exxonmobil. because using energy responsibly has never been more impor
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line,...
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Dec 10, 2013
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i will take a 5% rate any day in a better economy. cheryl: you don't think they have already gotten in? that's what we've seen. the housing market yourself last two years, your industry has gone gangbusters. you don't think those purchases have already been made? >> oh, no, the pent-up demand is still growing. we've been producing between 700 and 900,000 new homes per year over the last couple years and the average per year for the last three decade is 1.5 million homes. so while our industry was up significantly, over the horrific years of 9 and 10, we're nowhere near close where we should be. there is a lot of pent-up demand that is still growing and there is a lot of room to grow and many, many buyers have not gotten in. so i'm not worried about a small tick in rates. i think we'll be fine. david: it is great so many people buying are doing a lot with cash. you say 30 to 35% cash. i've heard in areas of florida people are like, 50% cash in a lot of those areas of florida but is there a concern there? that is, are banks holding back
i will take a 5% rate any day in a better economy. cheryl: you don't think they have already gotten in? that's what we've seen. the housing market yourself last two years, your industry has gone gangbusters. you don't think those purchases have already been made? >> oh, no, the pent-up demand is still growing. we've been producing between 700 and 900,000 new homes per year over the last couple years and the average per year for the last three decade is 1.5 million homes. so while our...
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(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. >>> welcome back to "the lead." i'm jake tapper. our money lead, is the woman who will be leading general motors, mary barra. she will be making the leap from executive vice president to ceo in january. she will also be shattering a glass ceiling that has loomed over detroit for decades. she will be the first woman to lead a major u.s. automaker. the big three boys club no more. barra grew up with g.m. her father was a tool and die maker for the company and her career there began when she was 18. she's taking over at a decent time. the government has sold its last stake in the company, so there's no more of that bailout baggage. j.d. power gave g.m. a top ranking in quality this yea
(train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. [ female announcer ] some people like to pretend a flood could never happen to them. and that their homeowners insurance protects them. [ thunder crashes ] it doesn't. stop pretending. only flood insurance covers floods. ♪ visit floodsmart.gov/pretend to learn your risk. >>> welcome back to "the lead." i'm jake tapper. our money lead, is the woman who will...
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great view of what is going on, of the economy. are people spending on these kinds of entertainment? >> they are. and our business is better than ever. will be the best year in the history of our entertainment. what we do, you cannot replicate. is live talent, hard-hitting. we come once a year, sometimes twice a year with each of the individual event. we try to have christmas five to seven times a year in every city around the world. >> what are the logistics like of trying to put on one of these shows and moving hundreds of performers simultaneously? >> ringling brothers barnum & bailey has the longest railroad train in america. each train is one mile long. people live there. all of the equipment goes there. and that is the way we travel. all of these other shows, they go typically in truck and trailers. monster jam is huge. we are playing all of these stadiums and we have over 25,000 truckloads of dirt stationed all over the world to do this. them rightooking at now, the monster jam. it's phenomenal. what about teaming up with na
great view of what is going on, of the economy. are people spending on these kinds of entertainment? >> they are. and our business is better than ever. will be the best year in the history of our entertainment. what we do, you cannot replicate. is live talent, hard-hitting. we come once a year, sometimes twice a year with each of the individual event. we try to have christmas five to seven times a year in every city around the world. >> what are the logistics like of trying to put...
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wrestle mania expected to bring about $100 million in the local economy in the spring of 2015. levi stayed wrum is also being considered as a host location for college football's national championship game in 2017. of course, already had a super bowl in 2016. >>> san francisco giants pitcher matt cain wants to do his part to help the next bat kid make good on a dream. >> he and his wife pledged a $15,000 matching grant and challenge to the make a wish foundation. the foundation transformed san francisco into gotham city last month to help make 5-year-old miles scott's wish come true. under the challenge they will give the organize the money once the bay area executive director raises the same amount. >>> still to come, we're following breaking news in oakland. an underground pipeline catches fire. an update coming up after the break. [ female announcer ] for those who love sweets your season is here. let's just call it the baking time of year. you need special ingredients. you need the staples for homemade. you need safeway sugar for just a buck eighty-eight. and that magic thi
wrestle mania expected to bring about $100 million in the local economy in the spring of 2015. levi stayed wrum is also being considered as a host location for college football's national championship game in 2017. of course, already had a super bowl in 2016. >>> san francisco giants pitcher matt cain wants to do his part to help the next bat kid make good on a dream. >> he and his wife pledged a $15,000 matching grant and challenge to the make a wish foundation. the foundation...
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, we can empower more... people to innovate, create new technologies and jobs... and strengthen the economy. america is the world's leader in wireless. let's keep it that way. free up licensed spectrum today, so wireless... can do more for america tomorrow. with odor free aspercreme. powerful medicine relieves pain fast, with no odor. so all you notice is relief. aspercreme. >>> global leaders honored nelson mandela today at a massive outdoor memorial in johannesburg, but it's a single handshake getting a lot of attention today. president obama led the u.s. delegation to that ceremony that included three former u.s. presidents. in his remarks delivered in the pouring rain, the president reminded the audience that mandela's greatness was not that he was a saint but rather a flawed human who never gave up his ideals of racial equality. >> there's a word in south afri africa, a word that captures mandela's greatest gift. his recognition that we are all bound together in ways that are invisible to the eye. >> far from being a somber affair, there were some light hearted moments like this. look
, we can empower more... people to innovate, create new technologies and jobs... and strengthen the economy. america is the world's leader in wireless. let's keep it that way. free up licensed spectrum today, so wireless... can do more for america tomorrow. with odor free aspercreme. powerful medicine relieves pain fast, with no odor. so all you notice is relief. aspercreme. >>> global leaders honored nelson mandela today at a massive outdoor memorial in johannesburg, but it's a single...
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[laughter] it's a sixth of the national economy, so it's pretty huge. the irs is tasked with collecting the fines for people who don't get insurance on the the exchanges if they don't have coverage now. never mind the fact that it is involved in all the agencies and the revenues of the entire government, so the obamacare problems with the launch and its management all are a reflection of whether the irs can handle its own duties, never mind everybody else's. and what republicans did today was essentially objected to the nomination going forward while the senate is in session. it was meant to say, look, we've got congressional investigations that are not getting the full cooperation, and we're not going to have a commissioner until we get to the bottom of what actually happened and hold people accountable. jenna: carl, thank you. >> reporter: you bet. jon: let's get back to the shakeup at the white house. former chief of staff to bill clinton, john podesta, is joining the administration as a counselor, we're told. it's widely seen as a respected washingt
[laughter] it's a sixth of the national economy, so it's pretty huge. the irs is tasked with collecting the fines for people who don't get insurance on the the exchanges if they don't have coverage now. never mind the fact that it is involved in all the agencies and the revenues of the entire government, so the obamacare problems with the launch and its management all are a reflection of whether the irs can handle its own duties, never mind everybody else's. and what republicans did today was...
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as the economy improves, they will be competing with other obstacles, hedging the improving economy based on their portfolio that they have now. >> cast your eyes into the future. we are being told that the volker rule will not be enforced for another year. the president announced it back in january of 2010 and banks have been responding since then, suspending their prop trading desks. in 2015 how different are things going to be from the way they 2009?n >> first and foremost, metrics will matter. that is the only way that regulators are going to be able to distinguish prop trading from market making to tying hedging to specific and identifiable risks. banks are already comfortable measuring risks on a daily basis , now they are really going to have to step up their measurements of inventory, because that matters in determining market making from prop trading and turnover of inventory as well. these metrics will determine how forcibly the enforcement will follow. hard to findo be baselines right now, there is still an element of prop trading in all banking activities, so finding a baselin
as the economy improves, they will be competing with other obstacles, hedging the improving economy based on their portfolio that they have now. >> cast your eyes into the future. we are being told that the volker rule will not be enforced for another year. the president announced it back in january of 2010 and banks have been responding since then, suspending their prop trading desks. in 2015 how different are things going to be from the way they 2009?n >> first and foremost,...
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and the crash of the american economy. caused by agreed, wall street agreed principally, and agreed of others, to be sure. -- and greed -- caused by greed. wall street greed principalably, and greed of others, to be sure. keep in mind the moral compass of franklin delano roosevelt. the test of our progress is not whether we add more to the abundance of those who have much, it's rather whether we provide enough for those who have too little. december 28 is coming. today is the 10th of december. 18 days. just after christmas, three days after christmas. days after the holidays. 1.7 million americans are going to lose their unemployment insurance. and, since the farm bill hasn't been brought to the floor, the question of what kind of cuts will be made in the farm programs specifically for the food programs. it's not the loafers that are out there, although there are some. it's the men and women that stood in line waiting for a job in my district. last friday. stood in line at representative edwards' job fair here in maryland
and the crash of the american economy. caused by agreed, wall street agreed principally, and agreed of others, to be sure. -- and greed -- caused by greed. wall street greed principalably, and greed of others, to be sure. keep in mind the moral compass of franklin delano roosevelt. the test of our progress is not whether we add more to the abundance of those who have much, it's rather whether we provide enough for those who have too little. december 28 is coming. today is the 10th of december....
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wrestle mania is expected to generate $100 million for the local economy. let's see if things are warming up out there. >> good morning to you. it's still pretty cold out there but yeah, we're starting to warm up. temperatures still in the 20s and 30s across the bay area. as we head throughout this afternoon we expect the climb into the 50s, mid-50s on the way to the south bay, peninsula, east bay 55 and 55 in san francisco for today. high pressure is going to bring about a warming trend but what's going to happen our air quality will suffer. today it's a spare the air day. wednesday and thursday, air quality is actually going to get worse, and then by friday we're talking about improvement with an area of low pressure to the north. let's check the drive. >> looking at the sunshine which is crisp and clear for the air but bad for the view. slow down for palo alto, 101 and through the hills. tough drive south down out of hillsborough, the earlier slowdown northbound 90 southbound approaching the durand bridge. may have had a traffic break. that is starting t
wrestle mania is expected to generate $100 million for the local economy. let's see if things are warming up out there. >> good morning to you. it's still pretty cold out there but yeah, we're starting to warm up. temperatures still in the 20s and 30s across the bay area. as we head throughout this afternoon we expect the climb into the 50s, mid-50s on the way to the south bay, peninsula, east bay 55 and 55 in san francisco for today. high pressure is going to bring about a warming trend...
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so you can. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. prefer the taste of gevalia house blend over the taste of starbucks house blend? not that we like tooting our own horn but... ♪ toot toot. [ male announcer ] find gevalia in the coffee aisle or at gevalia.com >>>s this just in to cnn the senate has confirmed patricia mullet to the u.s. court of appeals for the d.c. circuit. you might be saying so? well, she's the first presidential nominee to be confirmed under new senate rules pushed through by democrats that make it harder for republicans to filibuster presidential appointmen appointments. so there you have it. patricia mullet now a judge. >>> finally this morning, for the friends of one kentucky man it was a prank with a message all in the hopes of stopping him from drinking and driving. jeanne moos has more for you. >> reporter: who deserves a prank in fools you into believing you're waking up. >> oh, my gosh. >> reporter: from a ten-year long coma. >> my son was 2 years old when you came in her
so you can. ♪ (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. prefer the taste of gevalia house blend over the taste of starbucks house blend? not that we like tooting our own horn but... ♪ toot toot. [ male announcer ] find gevalia in the coffee aisle or at gevalia.com >>>s this just in to cnn the senate has confirmed patricia mullet to the u.s. court of appeals for the d.c. circuit. you might be saying so?...
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republicans were just constantly hammering how bad the economy was. then people sort of looked up on election day, it is not, it is a little better than terrible. so i think i'm growing to stick with the guy who is in charge already. if they look up and say, you know what? i thought i would lose my doctor and my plan and pharmaceuticals but turned out only lost my pharmaceuticals and plan got my doctor, it was a little better than projected to be. >> remember in 2012, the other variable was do i want to vote for mitt romney? you will have to have, in a situation like this where you have no candidate yet, and airwaves free to attack one person that can have little bit of an impact. you will be up against somebody. you have to leave on the side of road, 20, 40, years, whatever been, seems he was around forever, somebody has got to run against him. that's got to be a choice. and i'm not so sure you can do it just on basis of this. martha: almost 2014 now. a lot of this stuff will come home to roost over the course of this next year. if you had the outloo
republicans were just constantly hammering how bad the economy was. then people sort of looked up on election day, it is not, it is a little better than terrible. so i think i'm growing to stick with the guy who is in charge already. if they look up and say, you know what? i thought i would lose my doctor and my plan and pharmaceuticals but turned out only lost my pharmaceuticals and plan got my doctor, it was a little better than projected to be. >> remember in 2012, the other variable...
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pope was moving away from the free market economy. what is going to be pressure from conservative catholics that are in the finance system or government? >> they are not going to like it. they're going to be concerned -- they're are already up in arms against this pope already. i am not catholic. what they are saying is they have the conservative world up in arms. on pope francis. the debate continues. >> coming up on "bloomberg we will talk about what it means for lululemon's founder to step down. ♪ >> daniel hurwitz on retail, commercial real estate. hurwitz, ddr ceo. tomorrow.scuss we are over stored in this country. >> let's get to company news. bill cohan.st is zoosk is planning to go public. they have picked bank of america to lead the offering. they create matches based on facebook connections. it holds three percent of the dating market. texas instruments reassures wall street that there profits will be in line with analyst estimates. the demand for car components has been making up for weaker components in other industrial
pope was moving away from the free market economy. what is going to be pressure from conservative catholics that are in the finance system or government? >> they are not going to like it. they're going to be concerned -- they're are already up in arms against this pope already. i am not catholic. what they are saying is they have the conservative world up in arms. on pope francis. the debate continues. >> coming up on "bloomberg we will talk about what it means for lululemon's...
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rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses if yand you're talking toevere rheuyour rheumatologistike me, about trying or adding a biologic. this is humira, adalimumab. this is humira working to help relieve my pain. this is humira helping me through the twists and turns. this is humira helping to protect my joints from further damage. doctors have been prescribing humira for over ten years. humira works by targeting and helping to block a specific source of inflammation that contributes to ra symptoms. for many adults, humira is proven to help relieve pain and stop further joint damage. humira can lower your ability to fight infections, including tuberculosis. serious, sometimes fatal events, such as infectio
rowe price, we understand the connections of a complex, global economy. it's just one reason over 70% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. with investment information, risks, fees and expenses if yand you're talking toevere rheuyour rheumatologistike me, about trying or adding a biologic. this...
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gra♪y and more, (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. because what you don't know, can hurt you.urance. what if you didn't know that posting your travel plans online may attract burglars? [woman] off to hawaii! what if you didn't know that as the price of gold rises, so should the coverage on your jewelry? [prospector] ahh! what if you didn't know that kitty litter can help you out of a slippery situation? the more you know, the better you can plan for what's ahead. talk to farmers and get smarter about your insurance. ♪ we are farmers bum - pa - dum, bum - bum - bum - bum♪ >>> welcome back to "new day." we're learning more about what really is being described as a bizarre incident that left a student dead at a texas christian college. campus police now say the 23-year-old hit a police officer with his baton, forcing the officer to fire at him. but his friends, the students' friends, say the honor student would not do that. cnn's george howell has more. >> reporter: on the campus of
gra♪y and more, (train horn) vo: wherever our trains go, the economy comes to life. norfolk southern. one line, infinite possibilities. because what you don't know, can hurt you.urance. what if you didn't know that posting your travel plans online may attract burglars? [woman] off to hawaii! what if you didn't know that as the price of gold rises, so should the coverage on your jewelry? [prospector] ahh! what if you didn't know that kitty litter can help you out of a slippery situation? the...
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that tells you about some aspect of the economy. >> yeah, absolutely. must be good news in there. lester holt is back with us from inside the arena where it only has gotten louder, lester. >> it's gotten louder, and that's why i have the set of a sports announcement, and it's loud. the gates opened at 6:00 local time here and they came in here and they have been singing and chanting and just a sense of euphoria here. you see the band moved into the stadium, so we suspect things to get underway shortly as more dignitaries collide. the crowd has been enjoying themselves and singing along with what they know, and in this part of africa, rain is considered a good omen, a rebirth, and so how fitting it is that we are experiencing this steady rain this morning. >> hamid karzi arriving in his traditional garb from afghanistan. if you are up with us after 4:00 a.m. eastern time, you can go to the new york times website and see an interesting article this morning on keeping some of these leaders apart. you have got raul castro, and japan and china, and they have to have a seating area. at
that tells you about some aspect of the economy. >> yeah, absolutely. must be good news in there. lester holt is back with us from inside the arena where it only has gotten louder, lester. >> it's gotten louder, and that's why i have the set of a sports announcement, and it's loud. the gates opened at 6:00 local time here and they came in here and they have been singing and chanting and just a sense of euphoria here. you see the band moved into the stadium, so we suspect things to...
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. >> in fairness, video games bring a lot of money to the economy, billions and billions and billions. >> you should go on fbn. >> that's what i have been saying. >> aim the only person at this table that is wigged out at the fact the government has the capability to use your computer cameras against you? >> they always have the capability. >> it is at the bottom of i hate my government list. >> the shores out of the barn. they can do it. if all of the enemies do it don't you want your government to do it too? >> not to me. >> they don't really care about you. >> that's where you are wrong. >> there is nothing andy is doing that is interesting. >> i am lining my apartment walls with tin foil and they would be on to me. >> are you storing tin can food in your apartment? >> i am 50% sure you are kidding. >> he is a doomsday prepper. >> in manhattan? >> can i tell you how stupid i am? this is pretty stupid. i put duct tape over the camera, but i don't have blinds or curtains into moi apartment. we moved and we haven't bought curtains or blinds. i'm sitting there going, ha, ha they can't
. >> in fairness, video games bring a lot of money to the economy, billions and billions and billions. >> you should go on fbn. >> that's what i have been saying. >> aim the only person at this table that is wigged out at the fact the government has the capability to use your computer cameras against you? >> they always have the capability. >> it is at the bottom of i hate my government list. >> the shores out of the barn. they can do it. if all of the...
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. >> the steadily improving economy is actually on the horizon. >> a budget deal by the end of the week. >> of course there's a caveat. >> but at what cost for the unemployed. >> congress has just five days left. >> federal benefits expire at the end of the year, to vote to extend the unemployment benefit program. >> i do support unemployment benefits for the 26 weeks they're paid for. >> the republican argument from senator rand paul. >> if you extend it beyond that, you do a disservice to these workers.
. >> the steadily improving economy is actually on the horizon. >> a budget deal by the end of the week. >> of course there's a caveat. >> but at what cost for the unemployed. >> congress has just five days left. >> federal benefits expire at the end of the year, to vote to extend the unemployment benefit program. >> i do support unemployment benefits for the 26 weeks they're paid for. >> the republican argument from senator rand paul. >> if...
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finance is just about one part of our interconnected economy. the vast majority of opportunities, of growth and innovation is outside finance, with 94% of private sector jobs outside of finance. finance is to serve the economy and help markets operate with commonsense rules of the road. president roosevelt got that right 80 years ago, and many of those reforms of the 1930's and the success of the next 80 years, and that is what president obama did as well after the crisis that he took on five years ago. but i think it is through these dodd-frank reforms that any of which are now being implemented. i want to mention a couple of mine around the table, if i can. i have six quick was. i think the heart reform is ensuring the largest financial institutions have the freedom to fail. i dad's small business of baltimore, if he did not make payroll, nobody was going to bail him out, and that is at the core of what dodd-frank is. that is what i was so please just last month when moody's, the large rating agency, removed this uplift them and the credit rat
finance is just about one part of our interconnected economy. the vast majority of opportunities, of growth and innovation is outside finance, with 94% of private sector jobs outside of finance. finance is to serve the economy and help markets operate with commonsense rules of the road. president roosevelt got that right 80 years ago, and many of those reforms of the 1930's and the success of the next 80 years, and that is what president obama did as well after the crisis that he took on five...
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the economy is not good. it may be better than it was a year ago, but it's not good. unemployment is very high. the ability -- there are three applicants for every job. making people more desperate to get jobs, even if it meant that someone was so desperate that he got a job he wouldn't otherwise would have gotten, if you're not increasing the number of jobs, that simply means you're throwing someone else out of work. >> right. congressman jerry nadler, who's been fighting these battles for a while now, thank you so much for joining me. appreciate it. >> thank you. >> joining me now, heda bruche with the washington center for equitable growth, housed at the center for american progress, a progressive think tank. heather, can we start basic here? what is unemployment insurance and why do we have it? >> thanks for asking, chris. that's a great question. unemployment insurance are benefits there when somebody loses their job through no fault of their own. it's benefits that are supposed to help them make ends meet while they search for a new job, and critically, these be
the economy is not good. it may be better than it was a year ago, but it's not good. unemployment is very high. the ability -- there are three applicants for every job. making people more desperate to get jobs, even if it meant that someone was so desperate that he got a job he wouldn't otherwise would have gotten, if you're not increasing the number of jobs, that simply means you're throwing someone else out of work. >> right. congressman jerry nadler, who's been fighting these battles...
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i'm not going to be convinced in the economy. it doesn't matter on unemployment. if wages are stagnant which they are... >> it's like 0.4%. like nothing. nothing. >> talk be seeing glass half full. >> these people, just look. health care working much better. >> so saying some signs are down. >> all right. next on the run down, brit hume. then, it's rocky mountain high once again. the denver post hires an editor to promote marijuana. we're coming right back. >> the establishment... >> the house of representative supz next year, every democrat in the house is going to be dealing with the president's situation it's a huge drag on the ticket. when the president of your party's approval ratings are tanking. and you're up for reelection. you've got a problem. >> do you believe the doctors are going to bail on this law because as i said i think that is going to make or break it. >> i think that the doctors will some of the doctors will bail. a large number of people. look at it this way, bill. here is progression. first, people couldn't get on the web site b same time th
i'm not going to be convinced in the economy. it doesn't matter on unemployment. if wages are stagnant which they are... >> it's like 0.4%. like nothing. nothing. >> talk be seeing glass half full. >> these people, just look. health care working much better. >> so saying some signs are down. >> all right. next on the run down, brit hume. then, it's rocky mountain high once again. the denver post hires an editor to promote marijuana. we're coming right back....
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still ahead tonight backlash against a booming economy. why people are ganging up on google claiming the tech industry isn't pulling its own weight. >> 18 sheriff deputies find themselves on the wrong side of the law. >> who is to blame for the crash of asiana flight 214? of asiana flight 214? >> question btz integrity of the [ laughter ] he loves me. he loves me not. he loves me. he loves me not. ♪ he loves me! that's right. [ mom ] warm and flaky in 15, everyone loves pillsbury grands! [ girl ] make dinner pop! [ female announcer ] holiday cookies are a big job. everything has to be just right. perfection is in the details. ♪ pillsbury cookie dough. make the holidays pop! >>> people angry over what is called an invasion by dozens of private shuttle buses operated to take employees to, and from work. we're live in the mission district tonight where they held a protest. >> we're talking about these gigantic bus that's ferry people to and from silicon valley. and drive around here in the mission district. you'll see one going by here ab
still ahead tonight backlash against a booming economy. why people are ganging up on google claiming the tech industry isn't pulling its own weight. >> 18 sheriff deputies find themselves on the wrong side of the law. >> who is to blame for the crash of asiana flight 214? of asiana flight 214? >> question btz integrity of the [ laughter ] he loves me. he loves me not. he loves me. he loves me not. ♪ he loves me! that's right. [ mom ] warm and flaky in 15, everyone loves...
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thank you and good night. >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> supported by the john d. and catherine t. macarthur foundation. committed to building a more just, verdant and peaceful world. more information at macfound.org >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org >>> this is nightly business report with tyler mathisen and susie gharib, brought to you by? >> street.com, news and indepth analysis, we provide objective independent ratings daily on over 300 stocks, learn more that the the street.com/nbr. >>> focus on washington as the budget deal inches closer in d.c., there is a chance of a taper increase at the next fed meeting. what does it mean for taking stock. >>> and the new american airline, the wor
thank you and good night. >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> supported by the john d. and catherine t. macarthur foundation. committed to building a more just, verdant and peaceful world. more information at macfound.org >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public...
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still ahead tonight backlash against a booming economy. why people are ganging up on google claiming the tech industry isn't pulling its own weight. >> 18 sheriff deputies find themselves on the wrong side of the law. >> who is to blame for the crash of asiana flight 214? >> question btz [[man] it's nothing but tape... [woman] it's a block. we're havin' a baby! [laughter in background] [woman screams] are we havin' a baby? [ambient crying and laughter] shot neces is this flu shot necessary? it keeps you healthy during flu season. but does it hurt? nah. plus you get a really sweet bandaid! anything else i should know? here's a thought, try scoring more points on the other team. okay. even a warrior can get sick. kaiser permanente reminds you to get your flu shot this season. >>> people angry over what is called an invasion by dozens of private shuttle buses operated to take employees to, and from work. we're live in the mission district tonight where they held a protest. >> we're talking about these gigantic bus that's ferry people to and f
still ahead tonight backlash against a booming economy. why people are ganging up on google claiming the tech industry isn't pulling its own weight. >> 18 sheriff deputies find themselves on the wrong side of the law. >> who is to blame for the crash of asiana flight 214? >> question btz [[man] it's nothing but tape... [woman] it's a block. we're havin' a baby! [laughter in background] [woman screams] are we havin' a baby? [ambient crying and laughter] shot neces is this flu...
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. >> the steadily improving economy is actually on the horizon. >> a budget deal by the end of the week. >> of course there's a caveat. >> but at what cost for the unemployed. >> congress has just five days left. >> federal benefits expire at the end of the year, to vote to extend the unemployment benefi
. >> the steadily improving economy is actually on the horizon. >> a budget deal by the end of the week. >> of course there's a caveat. >> but at what cost for the unemployed. >> congress has just five days left. >> federal benefits expire at the end of the year, to vote to extend the unemployment benefi
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the economy didn't necessarily but for or everybody, industrial workers, working class americans, it was a time., really tough so that's something she would have faced. >> where did the carters go after losing the white house? >> they moved back to plains to sort of plan the rest of their life. to be outpretty young of the white house. carter e back to the center. they were able to launch a new career working on the same issues. a very ontinue to have big impact, both in this country around the world. they were very much partners in this. >> yes. >> how does she think the years after the white house had been framed and what they'd like to for.membered remember as of right now, jimmy carter is the longest serving history.ent in a lot of years since they left the white house they stayed involved in issues. watch. >> i hope my legacy continues first lady.n just because it's always been an of my life, waging peace, fighting disease, building hope. i have contributed something into mental health issues and helped to improve a the lives of people living with mental illnesses. hope -- i hav
the economy didn't necessarily but for or everybody, industrial workers, working class americans, it was a time., really tough so that's something she would have faced. >> where did the carters go after losing the white house? >> they moved back to plains to sort of plan the rest of their life. to be outpretty young of the white house. carter e back to the center. they were able to launch a new career working on the same issues. a very ontinue to have big impact, both in this...
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it seems like the economy might be on the uptick here. we might have a chance for historic deal in iran. i mean, there are things out there that could turn good for him. but i will be the first to tell you the last couple of months will be be for the president. the president tough period. no doubt about that. >> i'm not going to be convinced on the economy until doesn't matter 7.1 or 7 or 8.2 unemployment. if the wages are stagnating going down, which they're. okay. i mean that's a sign of the economy. >> pressure on the last numbers. i don't know if it will stay. >> not on wages. like 0.4%. it was nothing. nothing. >> something. >> talking about seeing a glass half full, carville, come on. these people are getting pounded, man. can't make any money. >> look, the health care thing is working better. i would say even much better. the economy is showing some signs of improvement. >> all right. so you say. >> some signs are there. >> james carville, everybody. next on the rundown, brit hume sees it a bit differently. he will analyze the pres
it seems like the economy might be on the uptick here. we might have a chance for historic deal in iran. i mean, there are things out there that could turn good for him. but i will be the first to tell you the last couple of months will be be for the president. the president tough period. no doubt about that. >> i'm not going to be convinced on the economy until doesn't matter 7.1 or 7 or 8.2 unemployment. if the wages are stagnating going down, which they're. okay. i mean that's a sign...
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is the world's 6th largest economy, but one in five live below the state poverty line. hard times now call for creative solutions. al jazeera, south josh shire. >> it is time now to go to washington, d.c., joey chen standing by to tell ughs what is coming up at the top of the hour, hi, joey. >> tonight we will look at a remarkable treatment that could be a real break through for certain cancers. it use as life threatening virus to treat cancer. it is for certain leukemia patients, and the virus is the same one that caused aids, tonight we will hear from researchers at two different medical centers about what they have seen so far, and how important it may be to the future of cancer treatments. you can see them under a micro scope, but the t cells become what would have been called serial killer cells they go from one tumor cell to the next and kill them. >> a full report on what doctors tell us could be a real game changer that's coming up at the top of the hour. >> all right, thank you very much. the ballots have been counted and we now know who will be heading to new
is the world's 6th largest economy, but one in five live below the state poverty line. hard times now call for creative solutions. al jazeera, south josh shire. >> it is time now to go to washington, d.c., joey chen standing by to tell ughs what is coming up at the top of the hour, hi, joey. >> tonight we will look at a remarkable treatment that could be a real break through for certain cancers. it use as life threatening virus to treat cancer. it is for certain leukemia patients,...
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what is he going to mean for the country's economy and the average iranian? devon caught in the middle of the tensions between washington for over 30 years since the revolution. "limited," word is there will be relief. is a small percentage. congress wants to see more sanctions put on iran. if in six months there is no progress, i'd at research is pushing back. they said we have a firm sanctions. -- the administration is pushing back. you will not see dramatic changes. you will see relief on sanctions that were lifted. the auto area and sanctions. >> what about the average iranian? they haven't caught in the middle. >> they have been in support of what is going on with the diplomatic deals. you will more support for raw honey -- rohani andy lee leeway. the iranians have been supportive as the american public. rohani leeway. picture.s a clearer >> what you have seen since 1979, iranians have been isolated. not been able to the oil revenues they had historically. billions lost. a huge part of their economic progress. that is a key area. there been sanctions on
what is he going to mean for the country's economy and the average iranian? devon caught in the middle of the tensions between washington for over 30 years since the revolution. "limited," word is there will be relief. is a small percentage. congress wants to see more sanctions put on iran. if in six months there is no progress, i'd at research is pushing back. they said we have a firm sanctions. -- the administration is pushing back. you will not see dramatic changes. you will see...
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thank you and good night. >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> supported by the john d. and catherine t. macarthur foundation. committed to building a more just, verdant and peaceful world. more information at macfound.org >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. captioning sponsored by macneil/lehrer productions captioned by media access group at wgbh access.wgbh.org >> this is "bbc world news america." funding is made possible by the freeman foundation of new york, stowe, vermont, and honolulu, newman's own foundation, pursuing the common good for over 30 years, united health care, and union bank. >> at union bank, our relationship managers work hard to know your business. offering specialized solutions and capital to help you meet your growth objectives. we offer expertise and tailored solutions for small
thank you and good night. >> major funding for the pbs newshour has been provided by: ♪ ♪ moving our economy for 160 years. bnsf, the engine that connects us. >> supported by the john d. and catherine t. macarthur foundation. committed to building a more just, verdant and peaceful world. more information at macfound.org >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public...
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is the world's 6th largest economy but one in five live below the state poverty line. hard times now call for creative solutions. neve barker, al jazeera south yorkshire. >> ross is here with the day in sports. ross, i understand there was a huge controversy as to who will pay in the college football championship game. >> thank goodness. no controversy. florida state versus number 2 auburn, make no mistake, both teams deserve to be here. the seminoles haven't won since the 1999 season and come january 6th rose bowl in pasadena, as to the auburn tigers they seem to be the team of destiny, worst to first, 8th straight year that an sec team will be playing for the national championship. graham, what do you take away from the college football system especially the shakeup in the last ten days? >> i guess you would say there's more parity than we had anticipated, coming ininto the end of the season, to watch alabama go down, oregon go down, bay, it was so crazy to not know who was going to play in the national championship until the final weekend i think it made it more exc
is the world's 6th largest economy but one in five live below the state poverty line. hard times now call for creative solutions. neve barker, al jazeera south yorkshire. >> ross is here with the day in sports. ross, i understand there was a huge controversy as to who will pay in the college football championship game. >> thank goodness. no controversy. florida state versus number 2 auburn, make no mistake, both teams deserve to be here. the seminoles haven't won since the 1999...
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it's cost the economy severely, it's hurt job creation. as economist mark zandi recently noted as long as lawmakers stay deadlocked over the direction of the federal budget, the economic recovery will not gain momentum. so i'm very hope thankful we can reach a deal that will provide the proaftions committee with a road map for the rest of 2014 and 2015. i've heard from a lot of small businesses in new hampshire that one of the challenges they're currently facing post-government shutdown and certainly for so many small businesses and families they were hurt by that government shutdown which cost the economy about $24 billion and they're now looking at what the potential impact in the future will be from sequestration. those spending cuts have halted federal contracts in many cases for small businesses, they've caused uncertainty that's affecting job creation in hiring, and one of the new hampshire business owners who i met with recently said you hear about why c.e.o.'s are hesitant to hire, well, this is why. this uncertainty around sequest
it's cost the economy severely, it's hurt job creation. as economist mark zandi recently noted as long as lawmakers stay deadlocked over the direction of the federal budget, the economic recovery will not gain momentum. so i'm very hope thankful we can reach a deal that will provide the proaftions committee with a road map for the rest of 2014 and 2015. i've heard from a lot of small businesses in new hampshire that one of the challenges they're currently facing post-government shutdown and...
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what it means so that happen, and, number two, as the assistant majority leader knows, this helps our economy. when people receive unemployment benefits, they're spending it. they're spending it in the grocery store, at the hardware store, they're spending it at the auto repair shop to fix their car so they can go out and get a job and go out and go to work. so all of those are reasons that raising the minimum wage is so important, extending unemployment insurance is so important. and one more point before yielding to the assistant majority leader from illinois. it's not welfare, it's unemployment insurance. people pay in when three working working -- when they're working hoping they're not going to collect. so they're collecting their insurance basic. that's what insurance is. things aren't working right, you get unemployment benefits, unemployment insurance, social insurance. that's why this is so important. i yield to the senator from illinois. mr. durbin: will the senator from ohio yield through the claire for a question? officer the senator fromthe pre. mr. durbin: can the senator from o
what it means so that happen, and, number two, as the assistant majority leader knows, this helps our economy. when people receive unemployment benefits, they're spending it. they're spending it in the grocery store, at the hardware store, they're spending it at the auto repair shop to fix their car so they can go out and get a job and go out and go to work. so all of those are reasons that raising the minimum wage is so important, extending unemployment insurance is so important. and one more...
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if kweupbsz -- republicans insisted on short-term cuts that laid off teachers, firefighters, the economy would be growing even faster than it is today. mr. president, the presiding officer knows, we all know that we need an infrastructure program. for every $1 billion we spend as a government on infrastructure, roads, bridges, dams, highways, water systems, sewer systems, we create almost 50 thousand high-paying jobs. despite last week's good economic news, congress can and must do even more to create jobs for millions of americans who are still looking for work. unemployment compensation. mr. president, we need these extended benefits. there's 1.5 million people in america who have been out of work for more than 26 weeks. we must replace meat-ax cuts. this happened with the sequestration, a smart savings. reducing the deficit by closing wasteful tax loopholes and making job-creating investments to spur economic growth. as we close out this year, i hope republicans and democrats can put aside our differences and work together to produce results for the middle class. mr. president, the pr
if kweupbsz -- republicans insisted on short-term cuts that laid off teachers, firefighters, the economy would be growing even faster than it is today. mr. president, the presiding officer knows, we all know that we need an infrastructure program. for every $1 billion we spend as a government on infrastructure, roads, bridges, dams, highways, water systems, sewer systems, we create almost 50 thousand high-paying jobs. despite last week's good economic news, congress can and must do even more to...
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economy is finally healing. and it could prove to be an important issue, of course for democrats next year despite the rocky rollout of healthcare.gov. our first read team puts it this way, six months from now vulnerable democratic senators and gop governors could have a positive message to tell next year to constituents that backed up by the facts the economy is getting better and better each month. joining me live now, nbc news senior political editor mark murray and clair voiant because we're looking how this is playing out. it is intriguing to see what will help those who are perhaps in a lot of trouble. >> it is pretty clear when you're looking ahead to the 2014 midterm, so much analysis and thought has been talked about the president's health care law or republicans shut down back in october. not a lot of attention has been paid to the economy. when you look at the story of the economy over the past year, even over the past 24 months, things are getting much better. it isn't out of the realm of possibility
economy is finally healing. and it could prove to be an important issue, of course for democrats next year despite the rocky rollout of healthcare.gov. our first read team puts it this way, six months from now vulnerable democratic senators and gop governors could have a positive message to tell next year to constituents that backed up by the facts the economy is getting better and better each month. joining me live now, nbc news senior political editor mark murray and clair voiant because...
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many economists say the payment helped economy. and there's the farm bill, defense department policy bill. and even the tweak to medicare fees to keep patients from being dropped from the rolls of health care providers. a lot of stuff on the list not clear at all that you a lot of that is going to get done. >> joe, last we left off back in october was when the big committee of i think 29 conference committee members were going to try to get together. and it all looked like there was a big cool by yaw. and now as i'm hearing it and correct me if i'm wrong, they're going to take their own plan and bypass that whole committee to the congress. it's a cease fire, just do it. is that it? >> there's a question as to whether that strategy or any other strategy is actually going to be the thing they end up with. i think you have to say that opinions are mixed as to whether they're going to be able to get some type of a blanket deal or do something much smaller which is what happened before when we've gotten pushed up get the deadline. >> we
many economists say the payment helped economy. and there's the farm bill, defense department policy bill. and even the tweak to medicare fees to keep patients from being dropped from the rolls of health care providers. a lot of stuff on the list not clear at all that you a lot of that is going to get done. >> joe, last we left off back in october was when the big committee of i think 29 conference committee members were going to try to get together. and it all looked like there was a big...
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economy is not perform the way we would like. real wages have been stagnant in our country for more than a decade. think about that. at the time when the cost of college and whole host of other things, health care is going up substantially, real wages essentially has been frozen. you are all for me with the budget problems we face. it is a growing disparity between the haves and have-nots in our society. that should concern all of us over time. and all of these things are in some ways interrelated with the question of economic growth. if i had to pick one thing i would agree with what jon had to say. what is our comparative advantage? how do we grow this economy in a very competitive world? how do we empower not just give, but empower our citizens through hard work and thrift and all those things to enjoy some of the fruits of that growth, particularly the third that just aren't getting the education? those kids that just aren't getting the quality of education they need to be economically relevant, and a very innovative and glob
economy is not perform the way we would like. real wages have been stagnant in our country for more than a decade. think about that. at the time when the cost of college and whole host of other things, health care is going up substantially, real wages essentially has been frozen. you are all for me with the budget problems we face. it is a growing disparity between the haves and have-nots in our society. that should concern all of us over time. and all of these things are in some ways...
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the economy in general. the congressional budget office which is a nonpartisan group has said if we don't extend unemployment compensation, we will have 200,000 fewer jobs by the end of the year, by this time next year. and that's not the folks who are unemployed, that's because those families will not have the money to go out and buy goods and services at their local stores. so it helps -- it helps everybody to help provide some support to these struggling families who are looking for work every day and absolutely congress should not leave town. it would be outrageous for congress to leave town without addressing this important issue. >> as you know, there are only four more days on the calendar, at least right now. if you're putting the odds and if you're right that they're only 50-50 that there is some kind of deal, how do you get from point a to point b, which is a deal in these next few days, because obviously there's a lot at stake. what's going to have to happen here? >> well, these are all the pieces
the economy in general. the congressional budget office which is a nonpartisan group has said if we don't extend unemployment compensation, we will have 200,000 fewer jobs by the end of the year, by this time next year. and that's not the folks who are unemployed, that's because those families will not have the money to go out and buy goods and services at their local stores. so it helps -- it helps everybody to help provide some support to these struggling families who are looking for work...
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only ford gives you ecoboost fuel economy and a whole lot more. go further. and better is so easy withrning you cabenefiber.o something better for yourself. fiber that's taste-free, grit-free and dissolves completely. so you can feel free to add it to anything. and feel better about doing it. better it with benefiber. you may be muddling through allergies. try zyrtec-d®. powerful relief of nasal congestion and other allergy symptoms -- all in one pill. zyrtec-d®. at the pharmacy counter. thanks for giving me your smile. thanks for inspiring me. thanks for showing me my potential. for teaching me not to take life so seriously. thanks for loving me and being my best friend. don't forget to thank those who helped you take charge of your future and got you where you are today. the boss of your life. the chief life officer. ♪ >>> prosecutor say cody johnson fell face first after his wife allegedly pushed him over a cliff with both hands back in july. jordan fwram is on trial for the murder of her husband just eight days after they were married. her defense tea
only ford gives you ecoboost fuel economy and a whole lot more. go further. and better is so easy withrning you cabenefiber.o something better for yourself. fiber that's taste-free, grit-free and dissolves completely. so you can feel free to add it to anything. and feel better about doing it. better it with benefiber. you may be muddling through allergies. try zyrtec-d®. powerful relief of nasal congestion and other allergy symptoms -- all in one pill. zyrtec-d®. at the pharmacy counter....
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Dec 9, 2013
12/13
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KICU
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the car market is a lot stronger than the overall economy by a considerable margin. and there's a few reasons for that, one of which is the fact interest rates are low." nerad says that's in contrast to the recession years from '07 to '09 when manufacturing was down... which led to a shortage of used cars a couple years later. now that we're coming out of that... and the supply of used cars is more plentiful... nerad says it's more important than ever to find a vehicle with good resale value. he says toyota is the best overall brand in kelly blue book's 2014 best resale value awards. the car maker placed four trucks in the top ten... including the four runner. kelly blue book also named jeep wrangler and chevy camaro as two models distinct enough to earn a spot in the top ten. and nerad said lexus was crowned the luxury brand winner... for the third year in a row. automotive news reports that the industry had its strongest selling rate in more than six years in november... bumped a bit by black friday incentives. thank you diane-- sears is spinning off its lands end
the car market is a lot stronger than the overall economy by a considerable margin. and there's a few reasons for that, one of which is the fact interest rates are low." nerad says that's in contrast to the recession years from '07 to '09 when manufacturing was down... which led to a shortage of used cars a couple years later. now that we're coming out of that... and the supply of used cars is more plentiful... nerad says it's more important than ever to find a vehicle with good resale...
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Dec 9, 2013
12/13
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CSPAN
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the economy. the income equality has been rising and increasing. i think this is a real problem. stagnant wages and income growth is not keeping pace. budget there are federal policies that can address that. i am not the economists i -- ably should not when those on our line for democrats. -- wendell is on the line for democrats. the problem is -- inment has overspent could balance the budget probably in 10 days. our overpaid politicians cannot do that. in the meantime they are sending the jobs overseas. why we do not have any insurance. 's jobs went overseas and we don't have the health insurance to pay for. host: your thoughts he e -- your thoughts? guest: rising health care costs are problem -- are a problem all the way around. we are going through a restructuring of the health care system now with the affordable care act. we are going to have to see how that plays out. your first comment, i agree with it. we have a structural imbalance between what we spend and what we take in. not making the
the economy. the income equality has been rising and increasing. i think this is a real problem. stagnant wages and income growth is not keeping pace. budget there are federal policies that can address that. i am not the economists i -- ably should not when those on our line for democrats. -- wendell is on the line for democrats. the problem is -- inment has overspent could balance the budget probably in 10 days. our overpaid politicians cannot do that. in the meantime they are sending the jobs...
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Dec 9, 2013
12/13
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MSNBCW
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this economy wants to grow. the private-sector wants to invest. we're still 20% of the world's gdp and almost as if the private-sector is dig a trench around washington and finding its own way forward. >> isn't that amazing? washington is the problem. we have so many things to be excited about in this country, we have an energy revolution that's going on, the i.t. revolution continues, we dominate in silicon valley and as you know manufacturing is coming back to this country, low energy costs over the next five to ten years, the fact that we're the most productive people on the planet, but for washington, d.c.'s dysfunction we would be zooming forward. this is the american century. this is the new american century if washington can just figure it out. >> what an indictment our growth has a two in front of it as opposed to a three or four which is possible. >> the american public has some hope and faith that here we are no label problem solvers, republicans, democrats, independents. they are willing to put their country before themselves or their p
this economy wants to grow. the private-sector wants to invest. we're still 20% of the world's gdp and almost as if the private-sector is dig a trench around washington and finding its own way forward. >> isn't that amazing? washington is the problem. we have so many things to be excited about in this country, we have an energy revolution that's going on, the i.t. revolution continues, we dominate in silicon valley and as you know manufacturing is coming back to this country, low energy...
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Dec 9, 2013
12/13
by
CNBC
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>> the economy that has really puffed up is the government economy. >> the stock market? >> yeah. and then the stock market. given money to the rich guys which is okay, i guess, if you're one of them, but that's not the general public, right? they've gotten minimum wage jobs. >> ask no savings. >> yeah. and no savings. >> when did you start buying, first of all? >> well, once the deal looked like it wasn't going to happen because doj tried to block it, bonds were down 30 points that day. we jumped in and we've been -- >> because you thought the deal would happen or didn't matter to you? >> yeah, if you looked at the position. we were in the convert. there was a stand alone deal, american was certainly going to be worth a lot more than the valuation at 95. if they got the merger done, then they got cost savings, we thought it would go up from there. looks like the merger is done today. they're trading still at a discount to delta and united. they just get to the market multiple. we see 30% of the stock from here. >> yeah. >> mark, thank you so much for coming in today. >> great. th
>> the economy that has really puffed up is the government economy. >> the stock market? >> yeah. and then the stock market. given money to the rich guys which is okay, i guess, if you're one of them, but that's not the general public, right? they've gotten minimum wage jobs. >> ask no savings. >> yeah. and no savings. >> when did you start buying, first of all? >> well, once the deal looked like it wasn't going to happen because doj tried to block it,...
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Dec 9, 2013
12/13
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ALJAZAM
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and the economy is very fragile so the strength of the economy, let's not provide disincentives for people to go out and find work. >> reporter: how important is it that a deal gets done and given the approval rating fell after the budget shut down? >> it's important to get a deal done and republicans last fall when we had this challenge i think were hurt more than democrats by it. but i think for the most part republicans will work hard to get this done and get it done in time to avoid a government shut down or default in our debt. >> reporter: all right joe watkins former aid to president george hw bush and live from philadelphia thank you. they will end with victories and today is a two-week year-end session to tackle bills and nominees and talking about patricia millet on the d.c. circuit of appeals and the first to come up since the filibuster rule was changed and five other nominations are before the senate including janet yellen to lead the federal reserve and jay johnson to head homeland security. one senator is looking to keep police from tapping her phones, last year cell
and the economy is very fragile so the strength of the economy, let's not provide disincentives for people to go out and find work. >> reporter: how important is it that a deal gets done and given the approval rating fell after the budget shut down? >> it's important to get a deal done and republicans last fall when we had this challenge i think were hurt more than democrats by it. but i think for the most part republicans will work hard to get this done and get it done in time to...
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Dec 9, 2013
12/13
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MSNBCW
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government shutdown and do keep the spending caps in place and don't raise taxes at a time when the economy is still weak and i think we can accomplish that over the next couple days. >> one issue still being debated extending long-term unemployment benefits. last week house mortgage leader nancy pelosi said any deal must include an extension but dick durbin said that is not the case. >> i don't think we've reached that point where we said this is it take it or leave it. what i hear from patty murray, i spoke to her the other night negotiations are making progress, moving in the right direction. >> congress has scheduled to begin its break this friday and not return until january the 7th. >>> well, a week after that deadly commuter train wreck in new york officials are upgrading signals. the new signals are expected to be up and running this morning. of course, four people were killed last sunday when a metro north train hit a stretch of track at nearly three times the speed limit. metro north now reducing the maximum speeds at 26 locations across the system. an attorney for the engineer op
government shutdown and do keep the spending caps in place and don't raise taxes at a time when the economy is still weak and i think we can accomplish that over the next couple days. >> one issue still being debated extending long-term unemployment benefits. last week house mortgage leader nancy pelosi said any deal must include an extension but dick durbin said that is not the case. >> i don't think we've reached that point where we said this is it take it or leave it. what i hear...
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Dec 9, 2013
12/13
by
CSPAN2
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and regulating or redefining this large part of our economy and at the same time he was doing this and his stock portfolio was flipping health care stocks to the tune of millions upon millions of dollars and his office has said that their assets are in a blind trust. and again, it is not perfect. there are ways around that. and i think that what we have to realize is that there is not going to be any kind of solution that is going to work perfect. people could exchange information based on these assignments. but i think we have to look for ways to make it more difficult for people to engage in this kind of self-enrichment. and it is a mystery to a lot of people, but we are starting to understand. why is it that you have some individuals that are middle-class. and after 15 years of public service, they are multimillionaires. it happens because they come up with creative ways to make part of their own ends. we can't change human nature, but we can try to change the policies worry make that a lot more difficult. and with that, i will say thank you and enjoy the weekend. [applause] [applau
and regulating or redefining this large part of our economy and at the same time he was doing this and his stock portfolio was flipping health care stocks to the tune of millions upon millions of dollars and his office has said that their assets are in a blind trust. and again, it is not perfect. there are ways around that. and i think that what we have to realize is that there is not going to be any kind of solution that is going to work perfect. people could exchange information based on...